August 06, 2013
Bank Of Scotland Is Fined For Repeating The Same Mistake...
The Bank of Scotland has been caught in a major slip up and is being fined with a £75,000 fee for repeatedly faxing customers’ account information to the wrong numbers,...
August 04, 2013
Cyber Crime Originates In Europe: Statistics And Trends Report
Despite efforts to mitigate online fraud, cyber crime continues to grow. The future of cyber security remains ominous, and by 2017 it is expected that the global market will reach...
July 26, 2013
Five Charged In Massive Card Data Breach Case
U.S. lawmakers have charged five suspects of compromising 160 million credit cards and causing hundreds of millions in losses for financial institutions and consumers, The Wall Street Journal reported on...
July 10, 2013
PYMNTS Prophecies: The Mid-Year Edition
Back on January 1, we brought you eight predictions for 2013 from around the payments industry, and had our own expert, MPD CEO Karen Webster, break them down. Now that...
July 09, 2013
Genesco Sues Visa Over PCI Compliance
Genesco, the Tennessee-based apparel and footwear provider, has filed a lawsuit against Visa, challenging fines it was issued by the electronic payments network over PCI compliance, Bank Credit News reports....
June 30, 2013
Twenty-Two Banks and One Secure Cloud
How’s this for a breaking development in the world of mobile payments? The Clearing House will announce today that it will launch and operate an open platform that will make...
June 08, 2013
Study: Data Breaches Lead To 50 Percent Of U.S. Consumer...
Data breaches led to over 50 percent of all U.S. consumer fraud victims in 2012, according to a Javelin Strategy & Research report. The Open Security Foundation reported that an...
May 22, 2013
From Scammer To Savior, It’s All In The Swipe
It’s a story of ATMs and redemption, but not in the way you might expect. Valentin Boanta will spend the next four-and-a-half years of his life in a Romanian prison....
May 05, 2013
Bitcoin Exchange Mt. Gox Faces $75 Million Lawsuit From CoinLab
Mt. Gox, the world’s largest Bitcoin exchange, is facing a $75 million lawsuit from former partner CoinLab, according to Finextra. Mt. Gox struck a deal with CoinLab in November 2012...
Cryptocurrency exchanges are grappling with the EU’s PSD2 as they look to craft seamless experiences for their global customer bases. In the “Authenticated Payments Report,” a PYMNTS and LoginID collaboration, Marcus Hughes, of crypto exchange Coinbase, explains how platforms must build authentication measures that satisfy consumers and evolving regulations.